Examlex
Research conducted in an actual organization and with real employees is
Correcting Entry
A journal entry made to amend a previously recorded incorrect transaction in the financial records.
Accounts Receivable
Refers to the money owed to a company by its customers for goods or services sold on credit.
Accounts Payable
Money owed by a company to its suppliers or creditors for goods or services received but not yet paid for.
Equipment
Tangible personal property that is used in operations, such as machinery, computers, and furniture, which is not intended for sale.
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